John Cahill has left his role as managing director at Colliers International to become Cresa New York’s principal and senior adviser and New York head of the firm’s Life Sciences Practice.
At Colliers International, Mr. Cahill worked with landlords and tenants seeking office and laboratory spaces in New York, New Jersey and Pennsylvania, and advised and consulted with clients on both the East and West Coasts.
Mr. Cahill officially started at Cresa’s New York office, located at 450 Lexington Avenue between East 44th and East 45th Streets, on Jan. 19.
“I left because this was an opportunity to move to the next level,” Mr. Cahill told Commercial Observer. “I wanted to become a principal, to partner with someone of Mark Jaccom’s caliber and to be a part of the growth of Cresa.”
Mr. Cahill said he has no plans to bring any of his 31 former team members from Colliers to Cresa.
At Cresa New York he will oversee the expansion of the firm’s pharmaceutical, medical and biotechnology client base in New York City and across the country, and will help bolster retail practices in major markets such as Long Island, Miami and Los Angeles.
Last July Mr. Cahill told CO that he broke into the pharmaceutical industry during his six years at Cushman & Wakefield, an opportunity he was given because of his prior experience in pharmaceutical sales with ADP, Johnson & Johnson and Alcon Laboratories.
Mr. Jaccom, the president and managing principal of Cresa New York—who also formerly held a leadership role at Colliers—sought out Mr. Cahill because of his experience working with pharmaceutical, medical and biotechnology clients—an area in which Cresa is looking to grow.
“We’re expanding new areas of client expertise and placing a large emphasis on the level of service we provide to existing and future clients, particularly in the field of life sciences,” Mr. Jaccom said in prepared remarks.
“There’s a lot of potential and opportunity in the tri-state New York region, specifically in Manhattan and the other boroughs,” Mr. Cahill said. “There’s a lot of room for new projects, and new developments are encouraging companies to come to the tri-state New York area to establish a presence.”